Chicago Mercantile Exchange cattle futures closed lower on Tuesday on technical trading and investors adjusting their positions ahead of a series of key government reports, analysts said.
U.S. livestock: CME cattle futures fall on technical trading ahead of reports
Lean hog futures also ended the day lower
Good quality Canadian malt barley despite lower yields
CDC Copeland acres declined, with AAC Synergy the most popular malting variety
Hot and dry growing conditions cut into barley yields in Western Canada in 2023 but the quality was generally good, according to the yearly annual harvest report on barley quality from the Canadian Grain Commission (CGC).
Manitoba earmarks funds for sustainable aviation fuel plant
The facility may produce as much as one billion litres of canola and soy-based jet fuel
Calgary-based firm Azure Sustainable Fuels Corp. plans to use Canadian feedstock like soybean and canola oils to produce as much as one billion litres of renewable aviation fuel per year, the news release added.
Tight Canadian lentil carryout expected
Tightest lentil stocks since July 2010 forecasted
Canadian lentil stocks are forecast to be extremely tight by the close of the 2023/24 marketing year, which should keep prices well supported despite expectations for a smaller export program.
Klassen: Feeder market ends year on mixed sentiment
Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex
Western Canadian feeder cattle markets were unchanged, to as much as $10 lower compared to last week.
Demand for heifers was suffering last week. A weaker tone was noted in the Eastern prairie regions as Ontario demand appeared to evaporate last week. Alberta packers were buying fed cattle on a dressed basis in the range of $368-$370/cwt, down $7-$8 from last week.
U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes
Good export demand also underpinned soybeans
U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.
U.S. livestock: Cattle extend advances on technical buying, firm equities
Lean hogs end slightly down after early jump
Chicago Mercantile Exchange live cattle and feeder cattle futures closed higher on Monday on technical buying and support from firmer equities, analysts said.
Canadian Grain Commission chief’s term extended
NFU calls on Chorney to uphold mandate to act in producers’ interests
The Canadian Grain Commission (CGC) chief commissioner Doug Chorney has seen his term extended as the search continues for his replacement, CGC said today.
Speculative net short position in canola hits new record
CBOT long liquidation saw the net long position in soybeans dip
The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
German farmers protest with tractors against austerity measures
The German government proposed to abolish fuel subsidies to meet savings targets
According to next year's budget, a partial tax refund on agricultural diesel, along with a tax exemption for agricultural vehicles, will be abolished to meet the saving targets - a measure farmers said would threaten their livelihood and the competitiveness of Germany's agricultural sector.